FRA reviews progress of voluntary market for trading carbon certificates

Egypt’s Financial Regulatory Authority (FRA) recently held a meeting to review the progress of the upcoming launch of the voluntary market for trading carbon certificates, as well as explore ways to accelerate the market’s activation and launch.

FRA’s Chairman of the Board of Directors Mohamed Farid underscored the importance of establishing and activating the voluntary market for trading carbon certificates, adding that it aims to encourage businesses to reduce emissions through adaptation and mitigation projects.

Attending the meeting with Farid were key figures from the Egyptian Stock Exchange, the Tawsiyat Company, Ahmed Rushdi, Executive Director of the Regional Center for Sustainable Finance, Mohamed Ayad, Director of the authority's Media Center, Mahmoud Jibril, Head of the Central Administration for Corporate Finance, and officials from relevant authority departments.